A number of ASX All Ords tech shares have released their latest results on Wednesday.
Three results that have dropped today are summarised below. Here's how investors have responded to them:
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Hansen Technologies Limited (ASX: HSN)
The Hansen share price is down 4%. This morning, this billing technology company reported a 0.1% increase in half-year operating revenue to $149.1 million and a 29.7% decline in underlying net profit after tax to $16.6 million. The latter reflects its focus on investing for growth by building back staffing capacity to pre-pandemic levels.
In light of this profit decline, the Hansen board elected to cut its dividend by 28.6% to 5 cents per share.
Readytech Holdings Ltd (ASX: RDY)
Another ASX All Ords tech share that is sliding 4% today is ReadyTech. This is despite the enterprise software provider releasing its half-year results and reporting a 34.1% increase in revenue to $47.9 million and underlying EBITDA of $15.6 million. The former reflects like-for-like growth of 13.4% and the acquisition of IT Vision.
Management also confirmed that it remains on target to achieve its FY 2023 guidance and reaffirmed its FY 2026 goal of over $160 million of organic revenue.
Siteminder Ltd (ASX: SDR)
The Siteminder share price has bounced back from an early decline and is now up 2%. This follows the release of the hotel technology company's half-year results. Siteminder reported a 30.1% increase in annualised recurring revenue (ARR) and a net loss of $24.7 million.
Management notes that subscriber and subscription revenue growth accelerated during the half as the ramping of its go-to-market capacity post-COVID gained momentum. In addition, its transaction product growth has continued to be a highlight, which management believes reflects the significant opportunity within its customer base.
